Adding value to a BRRRR....

[Tracy Graham]

I am about to put a bid on a foreclosure.  its a 3/2 but the single car carport and been closed in.  Studs are up, siding is all completed on the outside, front and back door is installed, no duct work into that room yet, there are still steps that go down to this new space.  I want to finish this space obviously - its about 250sqft.  Needs sheetrock and insulation.  Should I look into making it a BR turning it into a 4/2 or more of a den/sitting area?  What would bring most value? 

I plan to offer 65000 and I'm thinking it will pull $100/sqft on ARV. its right at 1400sqft with the added space.

[Tracy Graham]

Quote from @Malcomb Stapel:

@Tracy Graham  another option could be add a double sliding barn door/ french doors, or something to that affect. Then the renters could decide if they want it to be a 4th bedroom or a tv room. But with a large double door configuration you would have enough access to make it flow as a family room but could close it up for a bedroom. 

Good idea !